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I would like to once again note this as a rumor. I did not see the article directly from the source, so take it how you wish.
"TNA has approached Hulk Hogan about taking another pay cut. The company is trying to spin it as a contract extension as they are willing to commit to a lengthier deal at a lower rate. The hope is he’ll agree to lower pay for a longer commitment. Sources close to Hogan do not see him agreeing."
Source: WNW Premium News (Karl)
http://www.tnainsider.com/
"TNA has approached Hulk Hogan about taking another pay cut. The company is trying to spin it as a contract extension as they are willing to commit to a lengthier deal at a lower rate. The hope is he’ll agree to lower pay for a longer commitment. Sources close to Hogan do not see him agreeing."
Source: WNW Premium News (Karl)
http://www.tnainsider.com/